Demand Forecast for Electronic Skin in Korea by Stretchable Circuits through 2033
Electronic Skin's Proliferation in Korea Sparks an Economic Boom, Offering a Gateway for Businesses to Capitalize on the Next Frontier of Wearable Technology
Outlook for Electronic Skin in Korea from (2023 to 2033)
In 2023, electronic skin adoption is poised to take center stage in Korea, projected to reach a valuation of US$ 5.2 million. The South Korean electronic dermatology industry has been driven by a pioneering spirit, leading to significant advancements in electronic skin technology. This concentration of expertise has accelerated the growth of Seoul's E-skin Industry. This demand has spurred e-skin industry research and development in South Korea. The e-skin industry forecast in South Korea indicates a growing industry size, driven by increasing consumer awareness and technological advancements. Consequently, the projected demand for electronic skin in Korea is anticipated to reach a substantial US$ 29.6 million by 2033, demonstrating an extraordinary CAGR of 32.3%.
Growing Sales Prospects for Electronic Skin in Korea
The research and development of advanced artificial skin in Korea, capable of multitasking sensory functions, is driving sales growth.
There has been a notable surge in demand for electronic skin products in South Korea, driven by a growing awareness of their potential applications in healthcare and robotics.
Electronic tattoo technology in Seoul has emerged as a hub for electronic tattoo technology, with numerous startups dedicated to developing innovative applications.
E-skin market trends in Busan, Incheon, and other South Korean cities are on the rise, indicating a broadening reach beyond Seoul.
Electronic skin devices in South Korea have witnessed a surge in the availability of smart patches and wearable sensors, from fitness tracking to advanced health monitoring.
Attributes
Details
Industry size of Korea in 2023
US$ 5.2 million
Expected Industry Size of Korea by 2033
US$ 29.6 million
Forecasted CAGR between 2023 to 2033
32.3%
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Electronic Skin Trends and Projections in South Korea
Seoul's e-skin industry research clusters are highly focused on electronic skin, where academia, industry, and government collaborate to drive innovation. These clusters foster an environment conducive to breakthroughs in electronic skin technology.
With South Korea electronic skin innovation and Daegu's advanced skin sensors, there are vast opportunities for industry expansion both domestically and internationally.
E-skin sensors for medical applications in South Korea are facilitating remote patient monitoring and early disease detection.
E-skin technology holds immense potential in fields such as robotics, biomedicine, and artificial prosthetics, creating new avenues for commercial applications.
E-tattoo technology in South Korea is gaining popularity as fashion statements and devices for monitoring health metrics.
E-skin applications in South Korean healthcare, like telemedicine and rehabilitation, are revolutionizing patient care by enabling remote monitoring and personalized treatment.
Comparative View of Adjacent Electronic Skin in Key Markets
As observed in the table below, in the context of electronic skin adoption, North America has emerged as a formidable leader, driving innovation and setting industry standards. However, it is noteworthy that Japan is closely trailing behind, and Korea is steadily establishing its presence in the industry. Korean businesses and startups that specialize in electronic skin technology have shown noteworthy agility in modifying their products to meet consumer requests. They have played a crucial role in ensuring that Korea stays at the forefront of this fast-moving and changing sector.
Demand for Electronic Skin in Korea:
Attributes
Demand for Electronic Skin in Korea
CAGR (2023 to 2033)
32.3%
Valuation (2023)
US$ 5.2 million
Key Trend
Emphasis on enhancing the durability and longevity of electronic skin products
Key Challenge
Transitioning from lab-scale prototypes to large-scale production
Popularity of Electronic Skin in Japan:
Attributes
Popularity of Electronic Skin in Japan
CAGR (2023 to 2033)
18.9%
Valuation (2023)
US$ 74.5 million
Key Trend
Advancements in flexible, stretchable, and biocompatible materials
Key Challenge
Ensuring affordability and cost-effectiveness of electronic skin products
Adoption Scenario of Electronic Skin in North America:
Attributes
Adoption Scenario of Electronic Skin in North America
CAGR (2023 to 2033)
24.0%
Valuation (2023)
US$ 375.2 million
Key Trend
Growing interest in applications for robotics and consumer electronics
Key Challenge
Addressing regulatory and ethical considerations of the Food and Drug Administration
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Category-wise Insights
Stretchable Circuits Pave the Way for Next-gen Wearable Electronic in Korea
Stretchable circuits are preferred in the Korea e-skin sector largely because of their exceptional capacity to adapt to the flexible and dynamic properties of human skin. This feature is essential for developing wearable electronic devices that can easily conform to the curves of the body. It enables a more inconspicuous and natural user experience.
Electronic Skin in Korea based on Component
Stretchable Circuits
Value CAGR from 2023 to 2033
28.2%
The combination of stretchy circuits with a wide range of sensors, including pressure, temperature, and biofeedback sensors, primarily fuels demand for e-skin. This dynamic adaptability opens up a wide range of applications, encompassing important industries, including robotics, virtual reality, and prosthetics.
In order to endure the mechanical strains brought on by movement and distortion, stretchy circuits can incorporate specific materials and components. Traditional, inflexible circuits are inadequate for this task since they can be burdensome and vulnerable to breakage. As a result, the demand for stretchable electronic skin circuits is increasing rapidly.
E-skin Technology Transforms Healthcare Monitoring for Korea's Aging Population
Since e-skin offers a novel method of patient health monitoring, demand for it in Korea’s healthcare sector is rising significantly. Vital indicators, including temperature, heart rate, and blood pressure, can be comfortably and continuously monitored because of their flexible, thin, and lightweight design. Healthcare personnel can immediately intervene and modify patient treatment owing to this real-time data, which improves results.
Electronic Skin in Korea based on Application
Healthcare
Value CAGR from 2023 to 2033
32.4%
The growing demand for e-skin is being driven by Korea's aging population. E-skin offers a non-invasive and practical option for the increasing number of older people who require ongoing healthcare monitoring. Both patients and caregivers find it to be a desirable alternative due to its ease of integration into everyday life.
Both healthcare professionals and researchers are interested in e-skin technology because of its revolutionary character. Beyond vital sign monitoring, e-skin has potential uses in wound care, artificial limbs, and rehabilitation. This adaptability has aroused interest in the healthcare sector and increased demand.
Competitive Landscape
A dynamic interplay between research institutes, start-ups, and established firms defines the competitive landscape for electronic skin technology in Korea. Research institutions like KAIST and Seoul National University have been at the forefront, utilizing their knowledge of flexible electronics and materials science. Corporate research divisions have also been crucial in promoting innovation in this field, notably those of top technological conglomerates. This ecosystem supports a dynamic environment for electronic skin development in Korea by supporting partnerships, multidisciplinary methods, and a culture of ongoing inquiry.
Recent Developments
In February 2022, an electronic skin that can detect sensitivity like human skin was created by a research team from Pohang University of Science and Technology in South Korea and the Ulsan National Institute of Science and Technology.
In August 2022, the first chip-less wireless wearable electronic skin that is sweatproof and can constantly track modifications to the skin over extended periods of time was formed by Amorepacific in partnership with Professor Kim Jeehwan at MIT. The primary outcome is the creation of an adaptable electronic skin in the form of a permeable patch, which is made possible by epitaxial freestanding compound semiconductors.
In October 2022, an electronic skin that can sense pressure with greater accuracy and a bigger measuring surface than human skin was made by the Korea Advanced Institute of Science and Technology (KAIST).
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Some of the Key Players with Electronic Skin in Korea
Neofect
Yuyan Tech
Amorepacific
LG Electronic
Samsung Electronic
MC10 Korea
Laxcen
Hexoskin
Amkiri
MetaSkin
Scope of the Report
Attribute
Details
Estimated Valuation (2023)
US$ 5.2 million
Projected Valuation (2033)
US$ 29.6 million
Anticipated CAGR (2023 to 2033)
32.3% CAGR
Historical Analysis of Demand for Electronic Skin in Korea
2018 to 2022
Demand Forecast for Electronic Skin in Korea
2023 to 2033
Quantitative Units
Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Key Companies Profiled
Neofect
Yuyan Tech
Amorepacific
LG Electronic
Samsung Electronic
MC10 Korea
Laxcen
Hexoskin
Amkiri
MetaSkin
Key Segments Covered in Korea Electronic Skin Industry Survey
By Component:
Stretchable Circuits
Stretchable Conductors
Electr-active Polymers
Photovoltaics
Others
By Application:
Consumer Electronic
Automotive
Healthcare
Telecommunication
Retail
Aerospace & Defense
Others
Frequently Asked Questions
Who are the Electronic Skin Companies in Korea?
The key players are Neofect, Yuyan Tech, and Amorepacific.
How Big will be the Electronic Skin Industry in Korea?
The Korea electronic skin industry is likely to record a demand worth US$ 29.6 million by 2033.
What is the Projected Growth Rate for Electronic Skin Industry in Korea?
Projected CAGR for electronic skin in Korea is 32.3%.
What is the Electronic Skin Strategy of Players in Korea?
Industry players in Korea emphasize innovation, partnerships, and user-centric design in electronic skin.
Which is the Popular Electronic Skin Component in Korea?
Stretchable circuits are a popular electronic skin component in Korea.
Table of Content
1. Executive Summary
1.1. Korea Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.7. Regional Parent Market Outlook
4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Stretchable Circuits
5.3.2. Stretchable Conductors
5.3.3. Electro-active Polymers
5.3.4. Photovoltaics
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Consumer Electronics
6.3.2. Automotive
6.3.3. Healthcare
6.3.4. Telecommunication
6.3.5. Retail
6.3.6. Aerospace & Defense
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. South Gyeongsang
7.3.2. North Jeolla
7.3.3. South Jeolla
7.3.4. Jeju
7.3.5. Rest of Korea
7.4. Market Attractiveness Analysis By Region
8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Component
8.2.2. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Component
8.3.2. By Application
8.4. Key Takeaways
9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Component
9.2.2. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Component
9.3.2. By Application
9.4. Key Takeaways
10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Component
10.2.2. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Component
10.3.2. By Application
10.4. Key Takeaways
11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Component
11.2.2. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Component
11.3.2. By Application
11.4. Key Takeaways
12. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Component
12.2.2. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Component
12.3.2. By Application
12.4. Key Takeaways
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Component
13.3.3. By Application
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. MC10
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.2. Physical Optics Corporation
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.3. Dialog Semiconductor
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.4. Intelesens Ltd.
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.5. 3M
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.6. Koninklijke Philips N.V.
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.7. Plastic Electronics GmbH
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.8. ROTEX Global
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.9. SMARTLIFEINC LIMITED
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.10. VivaLNK
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
14.1.11. Xenoma
14.1.11.1. Overview
14.1.11.2. Product Portfolio
14.1.11.3. Profitability by Market Segments
14.1.11.4. Sales Footprint
14.1.11.5. Strategy Overview
14.1.11.5.1. Marketing Strategy
14.1.12. Xsensio
14.1.12.1. Overview
14.1.12.2. Product Portfolio
14.1.12.3. Profitability by Market Segments
14.1.12.4. Sales Footprint
14.1.12.5. Strategy Overview
14.1.12.5.1. Marketing Strategy
15. Assumptions & Acronyms Used16. Research Methodology
